Crude Flat prices continued to grind lower lastg week despite of never ending series of flashy headline risks. Both the benchmarks logged in weekly losses. Timespreads weakned with prompt spreads of all major crude benchmarks fell. Inventory reports were mixed. U.S headlines showd drawings in crude while product stocks were built. Singapore and ARA Europe stock reports were mixed. Referring to market positining data, Money managers were the net sellers of the brent F&O pushing to oversold levels tilting the positining related price risk to the upside. Trump seizing a Venzulan tanker, more Russian tankers are in headlines. Bearish bells are rining across the markets.
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